Witz corporation purchased $100,000 of hales inc. 6% bonds at par, and witz classifies its investment as available-for-sale. unfortunately, a combination of problems at hales and in the debt market caused the fair value of the hales investment to decline to $70,000 during 2021. witz believes it is more likely than not that it will have to sell the investment before its fair value recovers. when witz applies the cecl model to account for its investment, witz calculates that, of the $30,000 drop in fair value, $10,000 of it relates to credit losses and the $20,000 remainder relates to noncredit losses. witz's accounting for this impairment will reduce before-tax net income for 2021 by:

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

What is the cause of smoky exhaust?